BidaskClub upgraded shares of KLA-Tencor (NASDAQ:KLAC) from a buy rating to a strong-buy rating in a research note published on Wednesday, BidAskClub reports.

KLAC has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on shares of KLA-Tencor from $160.00 to $180.00 and gave the company an overweight rating in a research note on Tuesday, August 6th. Cowen restated an outperform rating and issued a $155.00 target price (up from $145.00) on shares of KLA-Tencor in a research note on Tuesday, August 6th. Zacks Investment Research downgraded shares of KLA-Tencor from a buy rating to a hold rating in a research note on Tuesday, May 7th. ValuEngine downgraded shares of KLA-Tencor from a buy rating to a hold rating in a research note on Tuesday, August 6th. Finally, Deutsche Bank upped their target price on shares of KLA-Tencor from $120.00 to $133.00 and gave the company a hold rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $144.75.

KLAC opened at $139.16 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.44 and a debt-to-equity ratio of 1.19. KLA-Tencor has a 52-week low of $80.65 and a 52-week high of $144.52. The company has a 50 day moving average of $132.45 and a two-hundred day moving average of $119.50. The company has a market cap of $22.86 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.15 and a beta of 1.73.

KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Monday, August 5th. The semiconductor company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.22 earnings per share. Research analysts anticipate that KLA-Tencor will post 9.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $3.00 annualized dividend and a yield of 2.16%. KLA-Tencor’s dividend payout ratio is presently 35.46%.

In related news, SVP Virendra A. Kirloskar sold 1,988 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $130.46, for a total value of $259,354.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian M. Trafas sold 274 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $121.36, for a total transaction of $33,252.64. Following the completion of the sale, the insider now directly owns 274 shares in the company, valued at $33,252.64. The disclosure for this sale can be found here. Insiders sold 38,802 shares of company stock worth $5,256,969 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in KLA-Tencor by 4.0% in the second quarter. BlackRock Inc. now owns 12,248,818 shares of the semiconductor company’s stock valued at $1,447,811,000 after acquiring an additional 470,708 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of KLA-Tencor by 19.2% during the first quarter. Pictet Asset Management Ltd. now owns 3,545,429 shares of the semiconductor company’s stock worth $423,360,000 after purchasing an additional 571,970 shares during the period. Janus Henderson Group PLC raised its holdings in shares of KLA-Tencor by 14.1% during the second quarter. Janus Henderson Group PLC now owns 3,391,942 shares of the semiconductor company’s stock worth $400,927,000 after purchasing an additional 418,962 shares during the period. Invesco Ltd. raised its holdings in shares of KLA-Tencor by 6.9% during the second quarter. Invesco Ltd. now owns 2,843,671 shares of the semiconductor company’s stock worth $336,121,000 after purchasing an additional 184,732 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of KLA-Tencor by 3.8% during the second quarter. Northern Trust Corp now owns 2,393,606 shares of the semiconductor company’s stock worth $282,924,000 after purchasing an additional 86,714 shares during the period. 87.35% of the stock is currently owned by hedge funds and other institutional investors.

KLA-Tencor Company Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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